Published by Global Banking & Finance Review®
Posted on February 12, 2025
1 min readLast updated: January 26, 2026
The US plans to release Alexander Vinnik, a cybercrime suspect, in a prisoner exchange with Russia that freed Marc Fogel. Vinnik was arrested for laundering $4 billion.
(Reuters) - The United States will release Russian Alexander Vinnik, a suspected cybercrime kingpin, as part of an exchange with Russia that freed Marc Fogel, the New York Times reported on Wednesday.
Vinnik operated BTC-e, once one of the world's largest cryptocurrency exchanges. He was arrested in 2017 and detained at Washington's request on suspicion of laundering $4 billion through the exchange. In May, he pleaded guilty to conspiracy to commit money laundering and faced 20 years in prison.
(Reporting by Brendan O'Brien in Chicago; Editing by Doina Chiacu)
The article discusses the US releasing Alexander Vinnik as part of a prisoner exchange with Russia, which also freed Marc Fogel.
Alexander Vinnik is a suspected cybercrime kingpin who operated BTC-e, a major cryptocurrency exchange, and was involved in laundering $4 billion.
Marc Fogel was freed as part of the prisoner exchange deal between the US and Russia involving Alexander Vinnik.
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